Wall Street closed mixed on Monday as the positive impact of a surge in oil prices was partially negated by news that China may end economic stimulus and opt for structural reforms.

Wall Street closed mixed on Monday as the positive impact of a surge in oil prices was partially negated by news that China may end economic stimulus and opt for structural reforms. Moreover, investors preferred to remain largely on the sidelines at the start of the busiest week of the first-quarter earnings season. Both the S&P 500 and Nasdaq Composite ended in positive territory while the Dow finished in negative territory. The Dow Jones Industrial Average (DJI) closed at 26,511.05, declining 0.2%. However, the S&P 500 Index (INX) gained 0.1% to close at 2,907.97. The Nasdaq Composite Index (IXIC) closed at 8,015.27 increasing 0.2%. A total of 5.79 billion shares were traded on Monday, lower than the last 20-session average of 6.65 billion shares. Decliners outnumbered advancers on the NYSE by 1.41-to-1 ratio. On the Nasdaq, decliners had an edge over advancers by 1.33-to-1 ratio.  The CBOE VIX increased 2.7% to close at 12.42.